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Companies

23.01.2009 LANXESS  Capacity use slashed by up to 80% / Short-time working planned / Move to Cologne on hold / Crisis committee

23.01.2009 GRAMMER  OEM supplier applies for short-time working at five sites / Three-day week once a month

23.01.2009 POLYONE  Restructuring will lead to 370 job losses worldwide

22.01.2009 SABIC  Net profit plummets in Q4 2008 / Abrupt downturn in demand hits Saudi petchems giant / Markets shocked

22.01.2009 WAVIN  Second wave of cuts brings further downsizing in UK / Debt reduced by 14%

22.01.2009 PROCAP  Acquisition of two caps and closures rivals / Increased emphasis on carton packaging market

21.01.2009 BRITISH VITA  UK foam producer cuts 80 jobs

21.01.2009 SUNOCO  Texas 180,000 t/y PP facility to close

21.01.2009 AMERICAS STYRENICS  PS producer removes over 100,000 t/y of capacity from US market

21.01.2009 CLARIANT  Third masterbatch facility opens in China

20.01.2009 BASF  Short-time working at Schwarzheide / About 10% of the workforce affected / PBT and styrenic compounds

20.01.2009 LYONDELLBASELL  Equistar La Porte cracker set to restart this month

20.01.2009 ERCROS  PVC output in Tarragona to rise to 200,000 t/y / Site will become one of Europe's largest producers

20.01.2009 WAVIN  Collapse in construction sees profits fall 25%

20.01.2009 TORAY  Investment in German carbon fibres specialist ACE / Plans to develop RTM process for mass market cars

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